Pepe (PEPE) is experiencing quite a price rebound after months of struggle. The frog-themed memecoin has rallied by 1.2% in the last 24 hours and 15.8% in the last week, according to CoinGecko statistics. While the rally has brought some relief to investors, the coin is still down by 73% over the last year. Let’s discuss what’s pushing PEPE’s rally, and if its price can continue surging.
What’s Behind PEPE’s Price Rally?
PEPE’s latest price upswing could be due to a general memecoin rush. PEPE rivals, Dogecoin (DOGE) and Shiba Inu (SHIB), have also seen a slight price reversal. PEPE’s resurgence could also be due to Solana (SOL) seeing healthy gains in the last few days. PEPE, being a Solana-based memecoin, may have benefitted from SOL’s rally.
The cryptocurrency market has seen a slight reversal in the last few days. Bitcoin (BTC) has reclaimed the $63,000 price level and other assets seem to be following its trajectory. The market rebound may have also helped PEPE’s price reversal.
Can The Rally Continue?
While the market rebound is commendable, the cryptocurrency sector is far from recovered. We are still in bear territory and Bitcoin (BTC) is struggling to break past its $63,000 resistance level. PEPE could face challenges in the road ahead.
Also Read: Can Binance’s BNB Still Reclaim $1000 After Exiting Europe?
Inflation in the US also poses a threat to a cryptocurrency market rally. CPI (Consumer Price Index) figures came in at 4.2% in May 2026, which prompted the Federal Reserve to keep interest rates unchanged. Many analysts anticipate the Federal Reserve to raise rates twice this year. Higher rates often lead to less risky investments. PEPE is a memecoin and carries some of the highest risks in the market. A rate hike could lead to a big price correction for the coin. Geopolitical tensions, especially the US-Iran conflict, is another factor that could thwart PEPE’s price rally.
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